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Categories: Business Hiring Incentives

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A fidelity bond is provided to the employer free of charge and serves as an incentive to the companies for hiring specific job applicants.

The Work-Share Program offers an alternative to employers who are considering a reduction in workforce. Employers may be eligible to reduce and “share” employee hours rather than layoff. To compensate for the reduction in hours, employees may receive part of their regular unemployment benefits.

The Work Opportunity Tax Credit (WOTC) is a federal tax credit that encourages employers to hire targeted groups of job seekers. WOTC can reduce employer federal tax liability by as much as $2,400 to $9, 600 per new hire.